Kohl's Jan. Comps. Up 0.6%; Boosts Q4, FY11 EPS View - Quick Facts

2/2/2012 8:40 AM ET

Kohl's Corp. (KSS) said its January comparable-store sales increased 0.6 percent over the previous year, with total sales for the month rising 2.4 percent to $844 million from $825 million a year earlier.

The company said it has achieved its goal of $1 billion in E-Commerce revenues in fiscal 2011. President and chief executive noted, "The E-Commerce business was a key contributor to our fiscal 2011 sales performance and we plan to build on its momentum in 2012. Additionally, strong expense management during the quarter contributed to better-than-expected profitability."

Further, the company raised its fourth-quarter earnings per share guidance to $1.79 - $1.80 from its prior outlook of $1.70 - $1.73 and its fiscal 2011 guidance to $4.29 - $4.30 per share from its earlier view of $4.20 - $4.23 per share. Analysts anticipate earnings per share of $1.73 for the fourth quarter and $4.24 for the full year.

Dish Network Corp. on Wednesday reported a surge in profit for the fourth quarter from last year, reflecting an income tax benefit that helped offset the impact of lower revenues. The latest quarter's results were positively impacted by an income tax benefit of about $1.2 billion due to an adjustment to deferred tax assets and liabilities related to tax reform legislation.

Shares of Glencore plc were gaining around 4 percent in the morning trading in London after the producer and marketer of commodities reported Wednesday a significant growth in fiscal 2017 profit on strong higher commodity prices. Chief Executive Officer Ivan Glasenberg said, "Our performance in 2017 was our strongest on record, driven by our leading Marketing and Industrial asset businesses."

Shares of Orange SA were gaining around 2 percent in the early morning trading in Paris after the French telecom major reported Wednesday a significant growth in fiscal 2017 profit from continuing operations with revenue growth in most regions, mainly France and Spain. In France, revenue grew for the first time since 2009. Attributable net income, meanwhile, declined on the absence of prior